CIBC analyst Kevin Chiang raised the firm’s price target on TFI International (TFII) to $112 from $109 and keeps an Outperformer rating on the shares. While TFI’s Q4 guidance reflects a soft freight environment, the firm continues to see an improvement in TForce Freight’s service metrics. CIBC believes this sets a strong foundation for a significant recovery in earnings when freight volumes do inflect. And looking out into 2026, the firm is more optimistic on the freight cycle.
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